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UAE: Dubai announces third wave of economic stimulus

A further round of economic assistance for the local economy worth Dh1.5bn ($408m) was announced by Crown Prince and Dubai Executive Council chairman Sheikh Hamdan Bin Mohammed Bin Rashid Al-Maktoum on 11 July. This takes the total value of government aid to the emirate’s economy this year to Dh6.3bn, following an initial Dh1.5bn on 12 March and a further Dh3.3bn on 29 March.

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